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Apple Inc. (AAPL) got caught up in the selling on Wall St today and briefly fell below $365 before a massive rally. AAPL will now have support located around $360. Apple Inc. (AAPL) recently reported blowout earnings in which the company earned over 7.3 billion dollars for the quarter. I own AAPL and will be holding it until at least January 2012. AAPL will have resistance between $405-$410 on the upside.

The Dow Jones Industrial Average closed at11445on 8/5/11, as the stock market continues to be very volatile. The Dow Jones began the trading day by rising 150 on the positive jobs report but then went down 300 points to down 150. At 12pm est, a report came out that the ECU will back Italian and Spanish bonds which went the Dow Jones up over 300 points. In the final hour of trading, the Dow Jones rallied to close in the green.

The stock market will continue to be volatile on next week as Wall St. fears a credit downgrade by S&P and other rating agencies.

Travelzoo Inc. (TZOO)- Travelzoo Inc. (TZOO) bounced off $46 twice on Friday and rallied back into the $49's. I currently own TZOO and would like to buy more below $46. TravelZoo's Local Deals Business has been on fire lately and is the future of the company.

LinkedIn Corporation (LNKD) reported solid earnings Thursday but still dropped back to $85 before rebounding. LNKD will have resistance up at $100 with support at $85.

Molycorp (MCP) - Molycorp (MCP) rebounded after plunging into the $51's. Molycorp (MCP) will now have support located at $50 going forward. MCP is a buy on pullbacks below $53.

Hyperdynamics Corporation (HDY) - Hyperdynamics Corporation (HDY) is my top stock pickfor 2011. Hyperdynamics was crushed again on Friday. HDY will have resistance located at $4.50 and $4.71. HDY will have support at $3.50 going forward. Discuss HDY

Rediff.com India Ltd. (REDF) - Rediff.com India Ltd. (REDF) is trading below $9. REDF will now have support located at $7.50. REDF will now have resistance located at $9.02.

Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG reported outstanding earnings Thursday night and rallied over 10% at one point Friday. KOG is a buy below $5.50 from here on out. Discuss KOG

Samson Oil & Gas Limited (SSN) - SSN plunged on Friday. SSN will have resistance located at $2.80. SSN is a buy below $2.00 if we see another large correction.

Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG is trading back below $3.00. PZG will have resistance located at $2.70. PZG is a buy near $2.25 if we see a retest of the lows.
American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is now trading back below $28. AIG will have resistance at $31.79. AIG has support located at $25.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) is now back trading below $2.00. Sirius XM Radio will now have support at $1.73. Sirius XM Radio is a strong buy on pullbacks below $1.60. SIRI will now have resistance located at $2.00.

Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp. (LVS) is now trading back near $43. Las Vegas Sands Corp will have resistance located at $50. Las Vegas Sands (LVS) is a buy below $38 for a swing trade.

Dryships Inc. (DRYS) - Dryships Inc. (DRYS) is now trading back below $3.00. DryShips (DRYS) will now have resistance located at $3.18. Drys has support at $2.75.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) bottomed near $16.15 on Friday and then rallied back to $18. FAS will have support located at $16.15 and resistance located at $23. FAS is a strong buy below $17 per share. I would be avoiding Direxion Daily Financial Bear 3X Shares (FAZ) right now.

Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) hit $22.54 on Friday. Research in Motion (RIMM) has support located at $22. Research in Motion (RIMM) will have resistance up at $30.25.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) hit a new 52 week low on Friday. CSCO will have resistance around $16.00 now. Cisco Systems (CSCO) will have support down around $14.00. Cisco Systems is a strong buy below $17 for the long term. Goldman Sachs recently rated the stock a buy.

Netflix, Inc. (NFLX) - Netflix, Inc. (NFLX) dropped into the $230's on Friday. Netflix Inc (NFLX) will have resistance located at $251 going forward. Netflix has support located at $230. Netflix Inc (NFLX) is a buy on pullbacks below $220.

Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) is back trading near $145. Baidu Inc will have resistance up at $155. Baidu has support located at $140. If Baidu Inc. (BIDU) ever falls below $120, I would rate the stock a buy.

Oracle Corp (ORCL) - Oracle Corp (ORCL) bounced at $27.50 on Friday. ORCL will now have resistance located at $30 over the next week.

E-Commerce China Dangdang Inc. (DANG)- E-Commerce China Dangdang Inc. (DANG) is now trading back below $10. DANG will have support located at $8.30 and resistance located at $10.85.

Advanced Micro Devices Inc. (AMD) - Advanced Micro Devices Inc. (AMD) held $6.00 on Friday. Advanced Micro Devices Inc. will now have resistance located at $8.02 which is the 200 day moving average. AMD will have support down at $6.20.

Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is trading back below $130. Goldman Sachs (GS) will now face resistance around $145. Goldman Sachs (GS) has support located at $120.

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) held $50 on Friday. Potash Corp will have support located at $50. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $52 on a pullback.

Bank of America Corp (BAC) - Bank of America Corp (BAC) hit a new 52 week low at $8.03 on Friday. BAC will have support located between $7.50-$8.00 next week. BAC will now have resistance up at $9.05 which was the high on Friday. BAC is a buy on a close above $10.25 with a tight stop.

Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is back trading near $245. NFLX stock will have resistance located at $251. NFLX will have support down at $235. At this point, I would not be a buyer unless NFLX dropped below $220.

Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is back below $24 on Friday. RIMM will now have support down at $21.50. RIMM will have resistance located at $25. The only reason I'd buy RIMM right now would be as a takeover target.

Intel Corporation (INTC) - Intel Corporation (INTC) is now back trading below $21. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $20 right now.

Oil & Gas stocks are dropping as oil prices trade below $90 in August 2011. Below is a list of the top rated Oil & Gas stocks. Check out my Top Oil Stock Picks in 2011. Also, I would keep tabs on the latest developments in the Eagle Ford Shale & Bakken Shale.

Devon Energy Corporation (DVN) - Devon Energy (DVN) is now trading near $70 after a ride down into the $68's on Friday. DVN will have resistance located at $73 on the upside. DVN is a buy below $70 on a further correction.

Chesapeake Energy Corporation (CHK) - Chesapeake Energy Corporation (CHK) is trading back above $30 on Friday afternoon. CHK has really ramped up in the Eagle Ford Shale & Bakken Shale over the past eight months. They have also signed a huge JV in the Niobrara Shale. CHK is now a legit USA Oil Play and worth a look below $30. They recently stated that their Utica Shale assets are worth 15-20 billion.

Western Refining, Inc. (WNR) - Western Refining, Inc. (WNR) is back trading at $15. WNR is a buy below $16 for a trade.

Cabot Oil & Gas Corporation (COG) - Cabot Oil & Gas Corporation (COG) has some nice oil assets around the USA and is the first company to talk about the Chainman Shale. Located in Nevada, the Chainman Formation could hold a vast amont of oil. However, COG hit a dry hole when testing this shale play back in the fall.

Anadarko Petroleum Corporation (APC) - Anadarko Petroleum Corporation (APC) is all over the place in the US and Internationally. I personally like APC because of It's Eagle Ford Shale and Niobrara Shale holdings. APC will have strong support around $65, resistance is located at $75.

Citigroup Inc. (NYSE:C) plunged down into the $31's this morning but has since rallied back. Citigroup Inc has been in a nasty downtrend for most of the year but the stock was able to hold $31.10 on Friday. Citigroup Inc. (C) will now have support located at $31.10 as well as $30. Citigroup is only a buy for a quick trade on a break above $35.50. Citigroup will now have resistance up around $37. Citigroup Inc (C) will plunge if $30 is broken.